Including the value of subsidiaries, it gives an overall multiple of 3.2x for the consolidated entity, says Mona Khetan, V-P, Institutional Equity Research, Dolat Capital.
Have you revised your price targets upwards on ?
They have been delivering well on numbers in the last couple of quarters and as the consistency continues, we have revised our target.
What is your current price target on ICICI Bank then?
Currently we have revised upwards from 2.5x for the standalone entity to 2.7x and including the value of subsidiaries it gives an overall multiple of 3.2x for the consolidated entity which gives the target price of Rs 890.
